2017 INTEGRATED REPORT - valeo.com
THE VALEO INTEGRATED REPORT For the third year running, Valeo has elected to use integrated reporting to present its business model. From the vantage point of
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2017 CONSOLIDATED FINANCIAL STATEMENTS - Valeo
www.valeo.com2017 consolidated financial statements 2017 consolidated financial statements AFR 1. Consolidated statement of income (in millions of euros) Notes 2017 2016 SALES 4.1 18,550 16,519 Cost of sales 4.3 (15,076) (13,499) GRoss maRGin 4.3 3,474 3,020 as a % of sales 18.7% 18.3%
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